InvestSMART

Winchester Energy Limited (ASX:WEL)

ALERT: Price-sensitive ASX Announcement for WEL
Current share price for WEL : $0.001 -0.002 (-66.67%)+
Announcement
Release
19 Mar 2026 10:58AM
Price at Release
$0.003
Full Release
download
Summary
Winchester Energy Limited, operating under the ASX code WEL, announced the commencement of drilling for the JVU-4 water-injection well within the Varn waterflood project on 18 March 2026. As the operator with a 70% working interest, Winchester Energy is conducting the drilling on behalf of the Jocelyn-Varn joint venture. The drilling is expected to take approximately 12 days, with the total rig location time estimated at 14 days. The well is planned to reach a total depth of 4,900 feet (1,164 meters). Following the drilling, the company will proceed with completion operations and connect the well to the existing JVU-11 water supply well to start water injection activities.
Key Points
  • Winchester Energy Limited (ASX: WEL) commenced drilling the JVU-4 water-injection well.
  • Drilling began on 18 March 2026.
  • Winchester is the operator with a 70% working interest.
  • JVU-4 is part of the Varn waterflood project.
  • Estimated drilling time is approximately 12 days.
  • The well is expected to reach a total depth of 4,900 feet (1,164 meters).
  • Completion operations will connect JVU-4 to the existing JVU-11 water supply well.
  • Announcement authorized by the Board of Directors.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.